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Bitwise Ethereum ETF is a Delaware statutory trust that offers investors exposure to ether through publicly traded shares on NYSE Arca. It passively holds ether, reflecting its market value via a reference rate based on major trading platforms. The trust facilitates creation and redemption of shares in blocks, providing a cost-effective, regulated way to invest in ether without direct ownership. Custody is secured through cold storage and regulated exchanges.
This description was generated via AI from an annual report. Updated about 1 year ago.